Fannie Mae (FNM) Ready to Provide Liquidity

The shares of Fannie Mae are down about 1% as today's session begins. The stock is currently supported by its 10-month and 20-month moving averages, though overhead pressure looms in the form of its 40-day trendline. This short-term moving average has effectively stifled the equity's progress for the past week, rebuffing FNM's every attempt to rally higher.

Meanwhile, option traders have taken a pessimistic stance on the stock. Fannie Mae's Schaeffer's put/call open interest ratio of 1.71 is higher than 85% of other such readings taken on the equity in the past 52 weeks, indicating a relatively high level of bearishness from the speculative crowd. On the other hand, analysts have awarded the company 6 "strong buy" and 2 "buy" ratings, according to Zacks, with just 2 "hold" recommendations rounding out the rankings.